Q: I have a business located in Tacoma, Washington. Do I need a business license?
A: There are various reasons to get a business license in Tacoma. If you are opening or reopening a business you will want to apply for a business license. Or if the business is going through a change in ownership.
Another aim is if you are moving your primary business location… or opening another location for your company.
There are many beneficial motivations for getting a business license. You will need it to get a Minor Work Permit, purchase certain types of insurances, and to employ staff.
Additionally, meeting any one of these following conditions will necessitate obtaining a business license.
√ Your gross annual income is $12,000, or more.
√ Selling your service or product includes adding sales tax.
√ You are conducting business under a name that is different than your full legal name.
√ If your business needs having either state or city endorsement(s).
√ If you pay any fee or tax to the Department of Revenue.
√ If your business transactions involve specialty wood products.
Q: I have heard about a UBI number. What is it?
A: In the state of Washington, UBI stands for Unified Business Identifier (UBI). This identification number has nine digits. It is the number that is assigned to your business and permits you to conduct business in the state. The Unified Business Identifier (UBI) also records your place of business with several other state agencies. Have you heard of a tax registration number? It is another name for your company’s UBI.
Q: How much does it cost to have a Tacoma business license?
A: The fees for a business license in Tacoma are charged on the basis of revenues and gross income. The current fees are annual and there are three levels that range from $25 to $250.
√ Less than $12,000, $25
√ $12,000 – $250,000, $110
√ More than $250,000, $250
Q: If I do not have a Federal Employer Identification Number (EIN) do I need to get one?
A: As a rule of thumb, all types of businesses need a Federal Employer Identification Number (EIN) with one exception. A sole proprietor that does not have employees typically do not need an EIN.
Q: Once I have a Tacoma business license, what do I need to know about renewal?
A: Renewal of your business license is due by the date of expiration that appears on your license. You will want to be sure you maintain an updated address for your business on file. It is vital you complete the renewal timely. There is a courtesy notice that will be sent to you. It is mailed to you approximately 45 days before your business license expires. This notice is viewed as a courtesy. It is up to you to renew your license timely, with or without getting the notice. You can renew online, or by mail. You can renew as early as two months before the date of expiration on your business license. Late penalty fees do apply.
Q: How do I apply for a Tacoma business license?
A: Applying for a Tacoma business license is simple.
You can apply in person at the Tax & License office. It is located at 747 Market Street, Room 212, in Tacoma, WA 98402. Payment for the license is due when you make the application. Forms of payment accepted include cash, check, or credit card. Or you can apply online with FileLocal. This method is fast and easy. For more details about applying for a Tacoma business license, you can connect directly with the City of Tacoma.
If all of this intimates you, look no further because our team can help you out! Go to our contact page and send us an email or give us a call, and we’ll be happy to help.